Basalt Fiber Market

Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024

Report Code: CH 3164 Apr, 2019, by marketsandmarkets.com
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[125 Pages Report] The basalt fiber market is projected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% between 2019 and 2024. The market is growing due to the high demand from construction & infrastructure, automotive & transportation, and Electrical & Electronics industries.  

Basalt Fiber Market

Construction & infrastructure end-use industry is expected to grow with high CAGR between 2019 and 2024.

The basalt fiber is finding increased application in the construction & infrastructure segment due to its high strength and non-corrosive properties. This increasing use of basalt fiber in the construction & infrastructure industry is mainly due to its environmentally friendly properties, good compatibility with concrete, and easy mixing at high concentration. Basalt fiber offers higher mechanical strength that is required for construction in extreme conditions. These are available at a much lower price compared to all other alkali-resistant fibers.. Hence, construction & infrastructure end-use industry is expected to grow with high CAGR during the forecast period.

Continuous form accounted for a major share in the basalt fiber market, in terms of both value and volume during the forecast period.

Continuous basalt fibers account for a higher share in the overall basalt fiber market. This high growth is mainly due to the growing demand from the construction & infrastructure sector. Continuous basalt fibers possess characteristics, such as superior efficiency, higher tensile strength, and excellent mechanical properties. Also, continuous basalt fiber is eco-friendly, which makes them suitable for various applications, such as reinforcing nets, pipes, containers, electrical insulation materials, basalt plastic products, and others. Additionally, they offer higher strength than steel which makes them preferred material in the construction industry.

Basalt Fiber Market

APAC is expected to lead the basalt fiber market during the forecast period.

The growth of basalt fiber market in APAC is expected to be driven by the increasing consumption of basalt fiber in various industries such as wind energy, construction & infrastructure, electrical & electronics, and automotive. This growth is also because of the increased industrial development in China. Basalt fiber manufacturers in China develop new basalt fiber manufacturing technologies which focus on manufacturing low-cost continuous basalt fiber. The transportation and electrical & electronics sectors in China are the major consumers of basalt fiber which is expected to further strengthen the market position. China also has a huge manufacturing capacity of basalt fiber, which can cater to any sudden increase in demand.

Market Dynamics

Driver: Increase in demand for noncorrosive materials

Demand for non-corrosive products continues to increase in the construction industry as it helps to reduce the cost and increase the life of structure made using them. The use of corrosion-free basalt fiber composite bars as reinforcement for concrete is one of these developments. Basalt composites are non-corrosive, consist of 80% fibers, and have a tensile strength three times that of the steel bar normally used in building construction. The basalt fibers impart strength to the rebar while the resin holds the fibers firmly. In comparison to steel rebar, BFRP (basalt fiber reinforced plastic) rebar significantly improves the life of civil engineering structures where corrosion is a major factor.

Restraint: Competition with matured products

Basalt fiber is widely used in construction & infrastructure applications. Although basalt fiber has superior properties compared to E-glass fiber and S-glass fiber, it is not used commercially in many applications. There is huge potential for basalt fiber in marine, automotive & transportation, aerospace & defense, sporting goods, and wind applications. However, due to a lack of clarity regarding the applications of basalt fiber, glass fiber is still the favorite material.

Opportunity: Growing adoption of environmentally friendly and recyclable material

The demand for environmentally friendly and easily recyclable fiber and fiber reinforced composites products is increasing due to new stringent government rules and regulations. Many consumers as well prefer to use recyclable products which do not harm the environment.

Developed countries including Germany, the US, and Japan are focusing on the use of environmentally friendly products instead of petroleum-based products. Europe insists on the use of bio-based materials, encouraging recyclability of vehicle components, or making the automotive manufacturers responsible for disposal at the end of vehicles service life. The Japanese Government has a target of replacing 20% of plastic usage by renewable products by 2020. These regulations are expected to increase the use of natural fiber composites such as basalt fiber in automotive & transportation, construction & infrastructure, electrical & electronics, and other end-use industries.

Challenge: Difficulty in promotion of basalt fiber

Basalt fiber is relatively new material in the fiber and structural composites industry. The price of basalt fibers is slightly higher than those made of E-glass but less than that of S-glass, aramid, or carbon fiber. As global production increases, its cost of production should reduce in the coming years. There are some technical complexities in the production of basalt fiber which creates difficulties for the product to compete other matured products. There are a number of advantages of basalt fiber over the conventional glass fiber; however, it is not recommended by the governments and no initiatives have been taken by other agencies to develop this industry. There are very few countries such as Russia, China, the US, Germany, Belgium, and Ukraine focusing on the further expansion of basalt fiber but emerging economies such as Brazil, India, and others do not register any initiatives in this market. Manufacturers are trying to promote the use of basalt fiber on their own in various industries by attending several exhibitions and composites conferences.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Thousand (USD) and Ton

Segments covered

By Usage Type (Composites and Non-composites)By Form (Continuous and Discrete), By Type (Chopped Fiber, Yarns, Continuous Filaments, Roves, Ropes ,Tapes, mats , Others), By Composite Processing Method (Pultrusion,PrePregs,Compression Moulding,Hand Layup, Resin Moulding,Vaccum Infusion,Spray Gun,Filament winding, Resin film Infusion (RFI),Others), By Application(Concrete reinforcement,Roads, Mesh filters,Insulator, Wall Plugs,Spray Application,Refractory Bricks and Blocks,Walls and foundations,Coastline reinforcement, Reinforcement for Sports equipment and Automotive Parts,Water works, Ship & Boats Building,Shafts and tunnels, Composites, Others )By End-use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Wind Energy, Marine, Others)and Region

Geographies covered

North America, Europe, APAC, MEA and Latin America

Companies covered

Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China)

The research report categorizes the Basalt Fiber market to forecast the revenues and analyze the trends in each of the following sub-segments:

Basalt Fiber Market By Usage Type

  • Composites
  • Non-Composites

Basalt Fiber Market By Form

  • Continuous Basalt Fiber
  • Discrete Basalt Fiber

Basalt Fiber Market,By Composite Processing Method

  • Pultrusion
  • PrePregs
  • Compression Moulding
  • Hand Layup
  • Resin Moulding
  • Vaccum Infusion
  • Spray Gun
  • Filament winding
  • Resin film Infusion (RFI)
  • Others

Basalt Fiber Market, By Application

  • Concrete reinforcement
  • Roads
  • Mesh filters
  • Insulator
  • Wall Plugs
  • Spray Application
  • Refractory Bricks and Blocks
  • Walls and foundations
  • Coastline reinforcement
  • Reinforcement for Sports equipment and Automotive Parts
  • Water works
  • Ship & Boats Building
  • Shafts and tunnels
  • Composites
  • Others

Basalt Fiber Market, By End-use Industry

  • Construction & Infrastructure
  • Automotive & Transportation
  • Electrical & Electronics
  • Wind Energy
  • Marines
  • Others

Basalt Fiber Market, By Region

  • Asia Pacific (APAC)
  • North America
  • Europe
  • Latin America
  • MEA

Key Market Players

Some of the prominent players in the basalt fiber market are Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China) The strategies undertaken by them include partnerships, new product development and expansions.

For example, in December 2017, Mafic SA and Michelman, Inc. (Ohio, US) has entered in to partnership to develop for innovation and product development in basalt fiber products. This has helped Mafic in increasing the performance and surface characteristics of basalt fibers and their use in high performance composites

Recent Developments

  • In December 2017, Mafic SA and Michelman (US) has entered in to partnership to develop for innovation and product development in basalt fiber products.
  • In June 2017, Kamenny Vek started production of 2000 tex direct basalt fiber roving. These direct rovings offers benefits such as zero catenary, high mechanical properties and low cost in applications where high tex is required.

Key Questions Addressed by the Report

  • Which are the major end use industries of basalt fiber?
  • Which industry is the major consumer of basalt fiber?
  • Which region is the largest and fastest-growing market for basalt fiber?
  • What is the major form of basalt fiber?
  • What are the major strategies adopted by the leading market players?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Basalt Fiber Market Segmentation
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Unit Considered
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Basalt Fiber Market
    4.2 Basalt Fiber Market, By Region and End-Use Industry
    4.3 Basalt Fiber Market, By Form
    4.4 Basalt Fiber Market, By Usage Type
    4.5 Basalt Fiber Market, By Country

5 Market Overview
    5.1 Introduction
    5.2 Evolution of Basalt Fibers
    5.3 Market Segmentation
           5.3.1 Basalt Fiber Market, By Usage
           5.3.2 Basalt Fiber Market, By Form
           5.3.3 Basalt Fiber Market, By End-Use Industry
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in Demand for Noncorrosive Materials
                    5.4.1.2 Enhanced Physical, Mechanical, and Chemical Properties
                    5.4.1.3 Environmentally Friendly and Easily Recyclable Material
           5.4.2 Restraints
                    5.4.2.1 Competition With Matured Products
           5.4.3 Opportunities
                    5.4.3.1 Increase in Demand for Basalt Fiber in Europe and APAC
                    5.4.3.2 Growing Adoption of Environmentally Friendly and Recyclable Material
           5.4.4 Challenge
                    5.4.4.1 Complex Manufacturing Process and High Cost Compared to E-Glass Fibers
                    5.4.4.2 Difficulty in Promotion of Basalt Fiber

6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Price Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Intensity of Competitive Rivalry
           6.4.5 Bargaining Power of Buyers
    6.5 Technological Advancements
           6.5.1 Use of Basalt Fiber in Hybrid Fabrics

7 Macroeconomic Overview and Key Trends
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Trends and Forecast of the Construction & Infrastructure Industry
    7.4 Trends in Automotive & Transportation Industry
    7.5 Trends in Wind Energy Industry

8 Basalt Fiber Market, By Usage Type
    8.1 Introduction
    8.2 Basalt Fiber in Composites
    8.3 Basalt Fiber in Non-Composites

9 Basalt Fiber Market, By Form
    9.1 Introduction
    9.2 Continuous Basalt Fiber
    9.3 Discrete Basalt Fiber

10 Basalt Fiber Market, By Type
     10.1 Introduction
     10.2 Chopped Fiber 10.3
     10.4 Continuous Filaments
     10.5 Roves
     10.6 Ropes 
     10.7 Tapes
     10.8 Mats 
     10.9 Others

11 Basalt Fiber Market, By Composite Processing Method
     11.1 Introduction
     11.2 Pultrusion
     11.3 Prepregs
     11.4 Compression Moulding
     11.5 Hand Layup
     11.6 Resin Moulding
     11.7 Vaccum Infusion
     11.8 Spray Gun
     11.9 Filament Winding
     11.10 Resin Film Infusion (RFI)
     11.11 Others

12 Basalt Fiber Market, By Application
     12.1 Introduction
     12.2 Concrete Reinforcement
     12.3 Roads
     12.4 Mesh Filters
     12.5 Insulator
     12.6 Wall Plugs
     12.7 Spray Application
     12.8 Refractory Bricks and Blocks
     12.9 Walls and Foundations
     12.10 Coastline Reinforcement
     12.11 Reinforcement for Sports Equipment and Automotive Parts
     12.12 Industrial Flooring and Foundations
     12.13 Water Works
     12.14 Ship & Boats Building
     12.15 Shafts and Tunnels
     12.16 Composites
     12.17 Others 

13 Basalt Fiber Market, By End-Use Industry
     13.1 Introduction
     13.2 Construction & Infrastructure
     13.3 Automotive & Transportation
     13.4 Electrical & Electronics
     13.5 Wind Energy
     13.6 Marine
     13.7 Others

14 Basalt Fiber Market, By Region
     14.1 Introduction
     14.2 North America
             14.2.1 Canada
             14.2.2 US
     14.3 Europe
             14.3.1 Germany
             14.3.2 UK
             14.3.3 Belgium
             14.3.4 Ukraine
             14.3.5 Russia
             14.3.6 Ireland
     14.4 APAC
             14.4.1 China
             14.4.2 Japan
             14.4.3 Singapore
     14.5 Latin America
             14.5.1 Brazil
             14.5.2 Mexico
     14.6 MEA
             14.6.1 South Africa
             14.6.2 Saudi Arabia
             14.6.3 UAE

15 Competitive Landscape
     15.1 Introduction
     15.2 Competitive Leadership Mapping
             15.2.1 Visionary Leaders
             15.2.2 Dynamic Differentiators
             15.2.3 Emerging Companies
             15.2.4 Innovators
             15.2.5 Strength of Product Portfolio
             15.2.6 Business Strategy Excellence
     15.3 Market Ranking
     15.4 Competitive Scenario
             15.4.1 Expansion
             15.4.2 New Product Development
             15.4.3 Partnership

16 Company Profiles
     16.1 Kamenny VEK
             16.1.1 Business Overview
             16.1.2 Products Offered
             16.1.3 Recent Developments
             16.1.4 SWOT Analysis
             16.1.5 Winning Imperatives
             16.1.6 Current Focus and Strategies
             16.1.7 Threat From Competition
             16.1.8 Kamenny VEK Right to Win
     16.2 Zhejiang GBF Basalt Fiber Co
             16.2.1 Business Overview
             16.2.2 Products Offered
             16.2.3 Recent Developments
             16.2.4 SWOT Analysis
             16.2.5 Winning Imperatives
             16.2.6 Current Focus and Strategies
             16.2.7 Threat From Competition
             16.2.8 Zhejiang GBF Basalt Fiber Co Right to Win
     16.3 Mafic SA
             16.3.1 Business Overview
             16.3.2 Products Offered
             16.3.3 Recent Developments
             16.3.4 SWOT Analysis
             16.3.5 Winning Imperatives
             16.3.6 Current Focus and Strategies
             16.3.7 Threat From Competition
             16.3.8 Mafic SA Right to Win
     16.4 Technobasalt-Invest LLC
             16.4.1 Business Overview
             16.4.2 Products Offered
             16.4.3 Recent Developments
             16.4.4 SWOT Analysis
             16.4.5 Winning Imperatives
             16.4.6 Current Focus and Strategies
             16.4.7 Threat From Competition
             16.4.8 Technobasalt-Invest LLC Right to Win
     16.5 Russian Basalt
             16.5.1 Business Overview
             16.5.2 Products Offered
             16.5.3 Recent Developments
             16.5.4 SWOT Analysis
             16.5.5 Winning Imperatives
             16.5.6 Current Focus and Strategies
             16.5.7 Threat From Competition
             16.5.8 Technobasalt-Invest LLC Right to Win
     16.6 ISOMATEX S.A.
             16.6.1 Business Overview
             16.6.2 Products Offered
             16.6.3 Recent Developments
             16.6.4 MnM View
     16.7 INCOTELOGY GmbH
             16.7.1 Business Overview
             16.7.2 Products Offered
             16.7.3 Recent Developments
             16.7.4 MnM View
     16.8 Sudaglass Basalt Fiber Technology
             16.8.1 Business Overview
             16.8.2 Products Offered
             16.8.3 Recent Developments
             16.8.4 MnM View
     16.9 Shanxi Basalt Fiber Technology Co. Td
             16.9.1 Business Overview
             16.9.2 Products Offered
             16.9.3 Recent Developments
             16.9.4 MnM View
     16.10 Mudanjiang Jinshi Basalt Fiber Co. LTD
             16.10.1 Business Overview
             16.10.2 Products Offered
             16.10.3 Recent Developments
             16.10.4 MnM View
     16.11 Other Companies
             16.11.1 Basalt Technology UK Limited
             16.11.2 Sichuan Aerospace Tuoxin Basalt Industrial Co., LTD
             16.11.3 ASA. Tec GmbH
             16.11.4 Sichuan Fiberglass Group Co., LTD.
             16.11.5 NMG Composites Co., LTD
             16.11.6 Fiberbas Construction and Building Technologies
             16.11.7 Liaoning Jinshi Technology Group Co., LTD
             16.11.8 Jiangsu Green Materials Vally New Material T&D Co., LTD (GMV)
             16.11.9 Yingkou Hongyuan Fiberglass Technology Co., LTD
             16.11.10 Jilin Province Huayang New Composite Material Co., LTD.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

17 Appendix
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets Subscription Portal
     17.3 Available Customizations
     17.4 Related Reports
     17.5 Author Details


List of Tables (159 Tables)

Table 1 Basalt Fiber Market Size (Volume and Value), 2017–2024
Table 2 Mechanical & Physical Properties of Fibers
Table 3 Temperature Range of Fibers
Table 4 Trends and Forecast of GDP, 2017–2023 (USD Billion)
Table 5 Contribution of the Construction & Infrastructure Industry in North America, USD Billion (2015–2022)
Table 6 Contribution of the Construction & Infrastructure Industry in Europe, USD Billion (2015–2022)
Table 7 Contribution of the Construction & Infrastructure Industry in APAC, USD Billion (2015–2022)
Table 8 Contribution of the Construction & Infrastructure Industry in Mea, 2015–2022 (USD Billion)
Table 9 Contribution of the Construction & Infrastructure Industry in Latin America, USD Billion (2015–2022)
Table 10 Automotive Production, Million Units (2013–2017)
Table 11 Chemical Composition of Glass and Basalt Fibers
Table 12 Tensile Strength of Fibers
Table 13 Basalt Fiber Stiffness Properties
Table 14 Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 15 Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 16 Basalt Fiber Market Size in Composites, By Region, 2017–2024 (USD Thousand)
Table 17 Basalt Fiber Market Size in Composites, By Region, 2017–2024 (Ton)
Table 18 Comparative Characteristics of Fibers
Table 19 Basalt Fiber Market Size in Non-Composites, By Region, 2017–2024 (USD Thousand)
Table 20 Basalt Fiber Market Size in Non-Composites, By Region, 2017–2024 (Ton)
Table 21 Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 22 Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 23 Continuous Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 24 Continuous Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 25 Discrete Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 26 Discrete Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 27 Basalt Fiber Market Size, By Type, 2017–2024 (USD Thousand)
Table 28 Basalt Fiber Market Size, By Type, 2017–2024 (Ton)
Table 29 Chopped Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 30 Chopped Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 31 Yarns Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 32 Yarns Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 33 Continuous Filamnet Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 34 Continuous Filamnet Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 35 Roves Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 36 Roves Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 37 Ropes Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 38 Ropes Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 39 Tapes Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 40 Tapes Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 41 Mats Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 42 Mats Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 43 Others Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 44 Others Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 45 Basalt Fiber Market Size, By Composite Processing Method, 2017–2024 (USD Thousand)
Table 46 Basalt Fiber Market Size, By Composite Processing Method, 2017–2024 (Ton)
Table 47 Pultrusion: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 48 Pultrusion: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 49 Prepregs: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 50 Prepregs: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 51 Compression Molding: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 52 Compression Molding: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 53 Hand Layup: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 54 Hand Layup: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 55 Resin Molding: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 56 Resin Molding: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 57 Vaccum Infusion: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 58 Vaccum Infusion: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 59 Spray Gun: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 60 Spray Gun: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 61 Filament Winding: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 62 Filament Winding: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 63 Resin Film Infusion: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 64 Resin Film Infusion: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 65 Others: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 66 Others: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 67 Basalt Fiber Market Size, By Application, 2017–2024 (USD Thousand)
Table 68 Basalt Fiber Market Size, By Application, 2017–2024 (Ton)
Table 69 Concrete Reinforcement: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 70 Concrete Reinforcement: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 71 Roads: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 72 Roads: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 73 Mesh Filters: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 74 Mesh Filters: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 75 Insulators: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 76 Insulators: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 77 Wall Plugs: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 78 Wall Plugs: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 79 Spray Application: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 80 Spray Application: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 81 Refractory Bricks and Blocks: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 82 Refractory Bricks and Blocks: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 83 Walls and Foundations: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 84 Walls and Foundations: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 85 Coastline Reinforcement: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 86 Coastline Reinforcement: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 87 Reinforcement for Sports Equipment and Automotive Parts: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 88 Reinforcement for Sports Equipment and Automotive Parts: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 89 Industrial Flooring and Foundations: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 90 Industrial Flooring and Foundations: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 91 Water Works: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 92 Water Works: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 93 Ship & Boats Building: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 94 Ship & Boats Building: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 95 Shafts and Tunnels: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 96 Shafts and Tunnels: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 97 Composites: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 98 Composites: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 99 Others: Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 100 Others: Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 101 Basalt Fiber Market Size, By End-Use Industry, 2017–2024 ( USD Thousand)
Table 102 Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 103 Basalt Fiber Market Size in Construction & Infrastructure, By Region, 2017–2024 (USD Thousand)
Table 104 Basalt Fiber Market Size in Construction & Infrastructure, By Region, 2017–2024 (Ton)
Table 105 Basalt Fiber Market Size in Automotive & Transportation, By Region, 2017–2024 (USD Thousand)
Table 106 Basalt Fibers Market Size in Automotive & Transportation, By Region, 2017–2024 (Ton)
Table 107 Basalt Fiber Market Size in Electrical & Electronics, By Region, 2017–2024 (USD Thousand)
Table 108 Basalt Fiber Market Size in Electrical & Electronics, By Region, 2017–2024 (Ton)
Table 109 Basalt Fiber Market Size in Wind Energy, By Region, 2017–2024 (USD Thousand)
Table 110 Basalt Fiber Market Size in Wind Energy, By Region, 2017–2024 (Ton)
Table 111 Basalt Fiber Market Size in Marine, By Region, 2017–2024 (USD Thousand)
Table 112 Basalt Fiber Market Size in Marine, By Region, 2017–2024 (Ton)
Table 113 Basalt Fiber Market Size in Others, By Region, 2017–2024 (USD Thousand)
Table 114 Basalt Fiber Market Size in Others, By Region, 2017–2024 (Ton)
Table 115 Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 116 Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 117 North America: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 118 North America: Basalt Fiber Market Size, By Country, 2017–2024 (USD Thousand)
Table 119 North America: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 120 North America: Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 121 North America: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 122 North America: Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 123 North America: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 124 North America: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 125 Europe: Basalt Fibermarket Size, By Country, 2017–2024 (Ton)
Table 126 Europe: Basalt Fiber Market Size, By Country, 2017–2024 (USD Thousand)
Table 127 Europe: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 128 Europe Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 129 Europe: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 130 Europe: Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 131 Europe: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 132 Europe: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 133 APAC: Basalt Fiber Market Size, By Country,2017–2024 (Ton)
Table 134 APAC: Basalt Fiber Market Size, By Country,2017–2024 (USD Thousand)
Table 135 APAC: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 136 APAC: Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 137 APAC: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 138 APAC: Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 139 APAC: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 140 APAC: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 141 Latin America: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 142 Latin America: Basalt Fiber Market Size, By Country, 2017–2024 (USD Thousand)
Table 143 Latin America: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 144 Latin America: Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 145 Latin America: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 146 Latin America: Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 147 Latin America: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 148 Latin America: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 149 MEA: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 150 MEA: Basalt Fiber Market Size, By Country, 2017–2024 (USD Thousand)
Table 151 MEA: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 152 MEA: Basalt Fiber Market Size, By Usage, 2017–2024 (USD Thousand)
Table 153 MEA: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 154 MEA: Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 155 MEA: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 156  MEA: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 157 Expansion, 2014–2019
Table 158  New Product Development, 2014–2019
Table 159 Partnership, 2014–2019


List of Figures (56 Figures)

Figure 1 Basalt Fiber Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Basalt Fiber Market: Data Triangulation
Figure 5 Automotive & Transportation Segment Accounted for the Largest Market Share in 2018
Figure 6 Continuous Basalt Fibers Accounted for the Major Market Share in 2018
Figure 7 Composites Segment Accounted for the Maximum Share of the Basalt Fiber Market in 2018
Figure 8 China is Projected to Register the Highest CAGR
Figure 9 APAC to Register the Highest Growth in Basalt Fiber Market
Figure 10 APAC to Be the Most Promising Market for Basalt Fiber
Figure 11 Construction & Infrastructure Was the Major End-Use Industry and APAC the Key Region in the Basalt Fiber Market
Figure 12 Continuous Basalt Fiber to Be the Dominating Form
Figure 13 Composites Segment Accounts for A Larger Share in the Basalt Fiber Market
Figure 14 China to Register the Highest CAGR in the Basalt Fiber Market
Figure 15 Fast Development and Commercialization of Basalt Fiber for Industry Applications
Figure 16 Basalt Fiber Market, By Usage
Figure 17 Basalt Fiber Market, By Form
Figure 18 Basalt Fiber Market, By Type
Figure 19 Basalt Fiber Market, By Composite Processing Method
Figure 20 Basalt Fiber Market, By Application
Figure 21 Basalt Fiber Market, By End-Use Industry
Figure 22 Drivers, Restraints, Opportunities, and Challenges in the Basalt Fiber Market
Figure 23 Value Chain Analysis: More Value is Added During Composite Design and Composite Processing Phase
Figure 24 Basalt Fiber Market: Porter’s Five Forces Analysis
Figure 25 Trends and Forecast of GDP, 2017–2023 (USD Billion)
Figure 26 Automotive & Transportation Production in Key Countries, Million Units (2016 vs 2017)
Figure 27 Wind Energy Installed Capacity, Mw (2016–2017)
Figure 28 Basalt Fiber Application as Composites to Grow at A Faster Rate Between 2019 and 2024
Figure 29 APAC to Account for the Highest Market Share in the Composites Usage
Figure 30 Continuous Basalt Fiber to Grow at A Faster Rate Between 2019 and 2024
Figure 31 Continuous Basalt Fiber to have A Higher Demand in APAC
Figure 32 Continuous Filamnet to Grow at A Faster Rate Between 2019 and 2024
Figure 33 Continuous Filamnet Basalt Fiber to have A Higher Demand in APAC
Figure 34 Resin Molding Processing Method to Grow at A Faster Rate Between 2019 and 2024
Figure 35 Resin Molding Processing Method Basalt Fiber to have A Higher Demand in APAC
Figure 36 Composite Application of to Grow at A Faster Rate Between 2019 and 2024
Figure 37 Composite Application of Basalt Fiber to have A Higher Demand in APAC
Figure 38 Construction & Infrastructure to Be the Fastest-Growing End-Use Industry
Figure 39 APAC to Be the Leading Market in the Construction & Infrastructure End-Use Industry
Figure 40 APAC to Be the Fastest-Growing Market in the Automotive & Transportation Industry
Figure 41 APAC is the Fastest Growing Market in the Electrical & Electronics Industry
Figure 42 APAC to Be the Largest Market in Wind Energy End-Use Industry
Figure 43 North America is the Largest Market in Marine Industry
Figure 44 China to Be the Fastest-Growing Basalt Fiber Market
Figure 45 North America: Basalt Fiber Market Snapshot
Figure 46 Europe: Basalt Fiber Market Snapshot
Figure 47 APAC: Basalt Fiber Market Snapshot
Figure 48 Brazil is the Key Basalt Fiber Market in Latin America
Figure 49 South Africa is the Key Basalt Fiber Market in Mea
Figure 50 Companies Adopted Expansion as the Key Growth Strategy Between 2014 and 2019
Figure 51 Basalt Fiber Market (Global) Competitive Leadership Mapping, 2018
Figure 52 Market Ranking of Top Five Players in Basalt Fiber Market
Figure 53 Kamenny VEK: SWOT Analysis
Figure 54 Zhejiang GBF Basalt Fiber Co.: SWOT Analysis
Figure 55 Mafic SA: SWOT Analysis
Figure 56 Technobasalt-Invest LLC: SWOT Analysis

The study involved four major activities in estimating the current market size for basalt fiber. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of market segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The basalt fiber market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the various industries such as marine, wind energy, transportation, construction, and others. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Basalt Fiber Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total basalt fiber market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides in the marine, transportation, wind energy, construction, and other industries.

Report Objectives

  • To define, describe, and forecast the market size of basalt fiber, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To provide detailed information about the technological advancements influencing the growth of the market
  • To forecast the market on the basis of form, usage, and end-use industry
  • To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze the recent developments such as expansion, new product development, and partnership in the market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of Europe basalt fiber market
  • Further breakdown of Rest of APAC basalt fiber market
  • Further breakdown of Rest of Latin America basalt fiber market
  • Further breakdown of Rest of MEA basalt fiber market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 3164
Published ON
Apr, 2019
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